MICEX today will test the key support level of 1165-1170 points

Today is better not to enter the market with purchases

On Friday, the U.S. stock market once completed trades with losses of around 1%. Investors are wary that the number of sales of new homes on the market in August was worse than the previous level, while the average price of new homes fell by 7% compared with July. Unexpectedly weak demand for durable goods in the United States, only underscored the increasing negative trends: companies reduce the cost of continuing concern about the instability of the restoration of the American economy. The negative dynamics of stock markets failed to break even increase consumer confidence index at Michigan State University (73,5, 70,2 forecast).

commodity market as usual has become hostage to the weak macroeconomic statistics in the U.S. and the situation on the stock exchanges. Quotes of oil earlier this week traded listlessly near 2-month lows: Brent $ 64,7 /bbl. In general, last week the cost of oil has fallen by almost 8.5%, which is the result of the worst week since July 10. Reduced prices for gold and notes: $ 989/unts.

today's trading on Asian markets are in the red zone. The biggest loss today is Japanese index Nikkei (-2,5%). Yen strengthened significantly against the dollar and other world currencies. Japanese Finance Minister, said that the Government would not intervene to stop the growth of the national currency, even though that may adversely affect the economy and worsen the ongoing deflation in Japan.

opening of tradingon Russia's stock market on Monday we will see in the negative zone. All the factors are in favor of reducing our stock indices. As we saw in early September, the technical weakness of petroleum quotations for some time may be ignored by the market, taking into account the positive external background. And when oil prices break through the psychologically important levels and the external background is painted in bright red colors, selling shares simply can not avoid. In the first phase out their positions the most cautious investors and speculators, but if the reduction process is delayed, then the sale included long-term investors. Additional negative today bears and weakening the ruble to the dollar (30,22). Thus, today it is better not to tempt fate and not to enter the market with purchases.

In connection with the fact that only a week on a secondary market will be released macroeconomic statistics from the U.S.: 16-30 national activity index, compiled by the FBI and Chicago in the September 18-30 survey the prospects for the manufacturing sector in the area of the Dallas Federal Reserve, the day focused players will focus on currency and commodity markets. MICEX today will test the key support level of 1165-1170 points.

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